FlightCar Raises $5.5M Series A Funding

According to TechCrunch (read here) FlightCar, a San Mateo, CA-based marketplace that allows vehicle owners parking at the airport to rent out their cars to other travelers, raised a $5.5m Series A funding.

Backers included General Catalyst, Softbank Capital, Airbnb founder and CEO Brian Chesky, Seacrest Global Group, Reddit co-founder Alexis Ohanian, Posterous founder Garry Tan, Auctomatic founder Harj Taggar, Justin.TV founder Emmett Shear, former Expedia CEO Erik Blachford, First Round Capital, and Andreessen Horowitz.

The company, which had already raised $570k (read here), intends to use the capital to hire engineers and designers (read here) to accelerate to launch the marketplace in new markets such as Boston.

Co-founded by Shri Ganeshram, Rujul Zaparde and Kevin Petrovic, FlightCar launched its service at San Francisco International Airport in February 2013.



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